BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Shipping

CPC Novorossiisk crude oil exports hit record 1.52 mil b/d in Dec

Steel

Heavy Melting Scrap 1/2 80:20 CFR Turkey

Shipping

Platts Dirty Tankerwire

Commodities | Metals | Non-Ferrous | Shipping | Autos & Capital Goods | Materials | Building & Construction | Transportation | Aerospace & Defense | Financial Services

Aluminum Symposium

Shipping

Global piracy rebounds to 3-year high as attacks around West Africa surge: IMB

CPC Novorossiisk crude oil exports hit record 1.52 mil b/d in Dec

London — Loadings of CPC blend crude oil from the Russian Black Sea port of Novorossiisk hit a record 1.52 million b/d in December, propelled by Kazakhstan's burgeoning Kashagan field, data from the terminal and pipeline operator showed Friday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The Caspian Pipeline Consortium said loadings hit a calendar year record of 61.08 million mt in 2018, equivalent to an average 1.32 million b/d.

"Loading was at the most accelerated tempo in December: Over 5,954,994 mt (47,142,565 barrels) were loaded into the tanks of oil carrier ships during that period," the consortium said.

CPC is Kazakhstan's main crude export route to international markets, and the pipeline across southern Russia to Novorossiisk has undergone major expansion.

The consortium said 55 tankers had departed the terminal in December, bringing the full-year total to 558. Overall in 2018, 89% of the CPC crude loaded was of Kazakh origin, the remainder being from Russia.

Kazakhstan's Tengiz field, operated by a Chevron-led consortium, remained the single biggest contributor last year, at 28.7 million mt, with Kashagan overtaking what was the second biggest source, Karachaganak.

Kashagan, which came on stream in 2016 after an abortive earlier start-up, contributed 13.2 million mt last year, and Karachaganak 10.3 million mt.

Kashagan was expected to reach production levels of 370,000 b/d in the second half of this year, Kazakh energy minister Kanat Bozumbayev said in comments to the Interfax news agency posted on the ministerial website Friday.

London Oil & Energy Forum | London Hilton | February 25, 2019

Join our respected editors and analysts as they share insights on the latest oil and energy industry developments, market outlooks and in-depth analysis of major trends.

Register now

Average January loadings are set to be 1.36 million b/d, according to a copy of the loading schedule. International exports are also dependent on conditions in the Bosporus, which has been subject to repeated hold-ups this month.

--Nick Coleman, nick.coleman@spglobal.com

--Edited by Daniel Lalor, newsdesk@spglobal.com